Property buyers are cautious and running after top communities in Dubai for real estate investment. As we enter in 3rd quarter of 2014, Jumeirah Village, Dubai Sports City and Silicon Oasis remains the top real estate communities for investment in Dubai.
Most of the property buyers are running after value and selecting those locations that are not inflated by artificial increase in prices.
According to Gulf News and UAE Central Bank, these artificial induced spikes in property prices have created a bubble that might blast anytime soon. You can read the Dubai real estate market trends to know more about the news.
According to Asteco, property sellers have increased the asking price for premium properties after the Dubai Expo 2020 announcement and they have no intention of reducing the price until the right buyers meet their expectations. Now it depends on who accept this situation because buyers are not willing to invest higher and sellers not going to reduce the prices. According to the report by Asteco, it has led to reduce in transactions for premium properties in Dubai.
Sellers are waiting for August and September because after the Cityscape, there might be announcement of new projects that might increase the property values even higher.
The question arises, is this property price inflation is artificial? Most of the experts are saying that it is an artificial boom that has no solid backbone.
Top Communities in Dubai
Jumeirah Village is a community developed to provide peace, harmony and healthy lifestyle. It is a main attraction for many real estate buyers because prices are not artificially spiked.
Dubai Silicon Oasis is a free trade zone and the properties in Silicon Oasis are major attraction for property buyers. Prices are remained stable and not much hit by artificial increase as we have seen in other areas like Dubai Marina.
Dubai Sports City
Dubai Sports City is a city within a city with all the sports amenities that you can imagine to promote healthy lifestyle. It is developed by leading entrepreneurs from UAE, Abdulrahim Al Zarooni, Abdulrahman Bukhatir and Abdulrahman Falaknaz. It is now the attraction for property buyers because prices are reasonable as compared to other parts of Dubai.
Contact Bluechip Real Estate or Call 043 95 1212 for properties in Jumeirah Village, Silicon Oasis and Dubai Sports City
Top mid-Tier Property Locations in Dubai
Some of the mid-tier locations like Discovery Gardens and International City recorded 4 to 5 percent increase in property prices. Many buyers also prefer to purchase property in these locations, but prices may go down because of artificial boom created by sellers.
According to our Senior Property Consultant, property prices will remain inflated and may increase even more because 3rd and 4th quarter of 2014 will be attracting more tourists from all over the world. It is the best time to invest in property in the areas like Silicon Oasis, Dubai Sports City, Jumeirah Village, Discovery Gardens and International City. Soon, the prices will be increasing 4 to 5% more on these areas as we draw near to 2015.
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